D2M: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
D2M
Largest movements
- Receivables within one year +€1,072
up €1,072 (+1,284%), from €84 to €1,156
of which Trade receivables: +€1,156
- Cash -€147
no longer reported in 2025 (was €147)
mainly Net result for the year (-€1,752) and Receivables within one year (-€1,072)
- Profit (loss) carried forward -€1,752
down €1,752 (-4.1%), from -€42,904 to -€44,656
- Short-term financial debts +€1,210
new in 2025: €1,210
- Other debts +€930
up €930 (+2.5%), from €36,935 to €37,865
- Accrued charges and deferred income +€412
new in 2025: €412
- Trade debts +€125
new in 2025: €125
- Gross operating margin -€6,148
down €6,148, from €5,981 to -€167
- Other operating charges +€543
up €543 (+94.5%), from €574 to €1,117
- Financial charges +€84
up €84 (+21.8%), from €385 to €468
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231 | €1,156 | +€925 | +401% |
| Current assets | 29/58 | €231 | €1,156 | +€925 | +401% |
| Amounts receivable within one year | 40/41 | €84 | €1,156 | +€1,072 | +1,284% |
| Trade receivables | 40 | - | €1,156 | +€1,156 | |
| Other amounts receivable | 41 | €84 | - | -€84 | |
| Cash at bank and in hand | 54/58 | €147 | - | -€147 | |
| Total equity and liabilities | 10/49 | €231 | €1,156 | +€925 | +401% |
| Equity | 10/15 | -€36,704 | -€38,456 | -€1,752 | -4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,904 | -€44,656 | -€1,752 | -4.1% |
| Amounts payable | 17/49 | €36,935 | €39,612 | +€2,677 | +7.2% |
| Amounts payable within one year | 42/48 | €36,935 | €39,200 | +€2,265 | +6.1% |
| Financial debts | 43 | - | €1,210 | +€1,210 | |
| Credit institutions | 430/8 | - | €1,210 | +€1,210 | |
| Trade debts | 44 | - | €125 | +€125 | |
| Suppliers | 440/4 | - | €125 | +€125 | |
| Other amounts payable | 47/48 | €36,935 | €37,865 | +€930 | +2.5% |
| Accrued charges and deferred income | 492/3 | - | €412 | +€412 | |
| Other operating charges | 640/8 | €574 | €1,117 | +€543 | +94.5% |
| Gross operating margin | 9900 | €5,981 | -€167 | -€6,148 | |
| Operating profit (loss) | 9901 | €5,407 | -€1,284 | -€6,691 | |
| Financial charges | 65/66B | €385 | €468 | +€84 | +21.8% |
| Recurring financial charges | 65 | €385 | €468 | +€84 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €5,023 | -€1,752 | -€6,775 | |
| Profit (loss) for the period | 9904 | €5,023 | -€1,752 | -€6,775 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,023 | -€1,752 | -€6,775 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.